Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Marubeni’s Indonesia Geothermal Venture Signs Power Supply Pact

Don't Miss Out —
Follow us on:

Nov. 13 (Bloomberg) -- A joint venture between Marubeni Corp., Indonesia’s PT Supreme Energy and GDF Suez SA of France signed a 30-year contract to sell geothermal power to PT Perusahaan Listrik Negara, Indonesia’s state-owned utility.

The venture will develop a 220 megawatt plant in the South Sumatra province and operation is scheduled to start in 2016, Marubeni, a Japanese trading company, said in a statement today.

The venture plans to procure the main equipment for the $900 million project from Japanese companies and secure funding through project finance with the assistance of international commercial banks and export credit agencies such as Japan Bank for International Cooperation, according to the statement.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.